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Silicon Valley figures have long warned about the dangers of artificial intelligence. Now their anxiety has migrated to other halls of power: the legal system, global gatherings of business leaders and top Wall Street regulators.
In the past week, the Financial Industry Regulatory Authority (FINRA), the securities industry self-regulator, labeled AI an “emerging risk” and the World Economic Forum in Davos, Switzerland, released a survey that concluded AI-fueled misinformation poses the biggest near-term threat to the global economy.
Those reports came just weeks after the Financial Stability Oversight Council in Washington said AI could result in “direct consumer harm” and Gary Gensler, the chairman of the Securities and Exchange Commission (SEC), warned publicly of the threat to financial stability from numerous…
